ANNOUNCEMENT 25 Oct 2011

In October 2011, the government of South Africa announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

South African Reserve Bank. Exchange Control Circular No. 15/2011, 25 October 2011.Available at: https://www.resbank.co.za/Publications/Circulars/Exchange%20Control%20Circulars/Exchange%20Control%20Circular%20No.%2015-2011.pdf

Inception date: 25 Oct 2011 | Removal date: open ended

FDI: Entry and ownership rule

On 25 October 2011, the South African Reserve Bank published a circular in relation to a liberalisation of the country's foreign exchange policy.
The Exchange Control Circular No. 15/2011 'Improving access and competition in cross-border money remittances' announces the abolition of ownership restrictions on foreign participation in Authorised Dealers in foreign exchange with limited authority.
 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A